Thomas Bridge 07 July 2014

Government reveals billion pound local investment plan

Government reveals billion pound local investment plan image

Ministers have revealed plans for £6bn of funding for regions to invest in housing, transport infrastructure, faster broadband and skills training.

Prime minister David Cameron said allocating the money to councils and Local Enterprise Partnerships (LEPs) was about ‘firing up’ the country’s cites, town and counties.

The investment - including £2bn from the Local Growth Fund – will cover projects in the six years from 2015/16. It is expected this first wave of local agreements will lead to work on over 150 roads, 150 housing developments and 20 railway stations.

Lord Heseltine – whose No Stone Unturned report was fundamental in creation of the Local Growth Fund – described today’s announcement as ‘a giant step in the rebalancing of our economy’.

Leeds City Region was awarded what is thought to be the largest sum announced today, securing £572.9m for the six years following 2015/16.

As part of the £476.7m allocated to Greater Manchester, some £50m will be used to revamp the local transport networks – including a £18m investment in the Metrolink system.

Some £55m was also provided for London’s Skills Capital programme, which is expected to help create the specific skills required by local businesses.

Projects beginning in 2015 to 2016 will have to be matched by local investment worth around twice the central government contribution.

Cameron said: ‘For too long our economy has been too London-focused and too centralised. Growth deals will help change all that. They are about firing up our great cities, towns and counties so they can become powerhouses.’

Deputy prime minister, Nick Clegg, who also chairs the Local Growth Cabinet Committee, said: ‘We are ending a culture of Whitehall knows best. Decisions over spending on infrastructure, business support and housing are being made at a truly local level.’

Greg Clark, minister for cities, said: ‘Today is the day when we back local leaders to create jobs and prosperity in their area.’

Participatory budgeting image

Participatory budgeting

Evgeny Barkov explains what participatory budgeting means and how it can reveal what citizens need.
For your free daily news bulletin
Highways jobs

Assistant Director Property

East Sussex County Council
Up to £86,000 (pay award pending)
Your track record of leading change will equip you to position Property Services as a true, collaborative partner delivering a... East Sussex
Recuriter: East Sussex County Council

Hylands Manager

Chelmsford City Council
Grade 10 - Starting at £43,836 per annum and rising to £48,309
This is a rare and exciting opportunity for an exceptional candidate to create and deliver a vision for Hylands House to ensure it can reach it’s f... Chelmsford, Essex
Recuriter: Chelmsford City Council

Service Manager (Estates and Development)

Welwyn Hatfield Borough Council
Up to £60,000 per annum
We are seeking an experienced property professional to join us as Service Manager (Estates and Development). T Welwyn, Hertfordshire
Recuriter: Welwyn Hatfield Borough Council

Assistant Traffic Management & Road Safety Engineer

North Yorkshire County Council
£22,021 to £26,999
We are looking for an Assistant Engineer to join our Traffic Engineering team. The Traffic Engineering Team forms part of... Northallerton, North Yorkshire
Recuriter: North Yorkshire County Council

Regulatory Lawyer Solicitor - Selby

Selby District Council
£32,029 to £42,683 pro rata.
We are looking for a Solicitor/Barrister who can join our supportive team to provide legal support to Selby District Council and... Selby, North Yorkshire
Recuriter: Selby District Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue